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SUPPLY CHAIN MANAGEMENT > Chapter 2 > Flashcards

Chapter 2 Flashcards

1
Q

Determine the supply chain performance

A

Supply chain drivers

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2
Q

The drivers of supply chain includes:

A

-Inventory
-Transportation
-Facilities
-Information
-Sourcing
-Pricing

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3
Q

It consists of all raw materials; work in process, and finished goods within a supply chain

A

Inventory

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4
Q

It involves moving inventory from one point in the supply chain to another point

A

Transportation

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5
Q

The six basic modes of transportation are:

A

-Air
-truck(road)
-rail
-ship
-pipeline
-electronic transportation (the newest mode for music, documents, etc.)

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6
Q

It is a place where inventory is stored, manufactured or assembled

A

Facilities

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7
Q

It consists of data and results of analysis regarding inventory, transportation, facilities, customer orders, customers, and funds

A

Information

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8
Q

It is the choice of who will perform a particular supply chain activity, such as production, storage, transportation, or the management of information

A

Sourcing

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9
Q

Determines how much a firm will charge for the goods and services that it makes available in the supply chain

A

Pricing

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10
Q

Barriers of Supply Chain Management

A

-lack of top management support
-non-aligned strategic and operating philosophies
-inability or unwillingness to share information
-lack of trust among supply chain members
-unwillingness to share risks and rewards
-inflexible organizational systems and processes
-cross-functional conflicts
-inconsistent or inadequate performance measures
-resistance to change
-lack of training for new mindsets and skills

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11
Q

Scope of Supply chain activities

A

-sourcing and procurement
-production scheduling and manufacturing
-order processing
-inventory management
-warehousing
-customer service
-distribution
-reverse logistics

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12
Q

The one who used the Four P’s model of marketing mix to define their business strategy for product specification, delivery and promotion

A

Marketing managers and strategists

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13
Q

The term “marketing mix” became popular after _________ published his 1964 article, The concept of the marketing mix.

A

Neil H. Borden

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14
Q

Who proposed a Four P classification in 1960?

A

McCarthy

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15
Q

Four most important P’s of marketing mix:

A

-Price
-Product
-Promotion
-Place

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16
Q

The amount a customer pays for the product

A

Price

17
Q

Specification and branding

A

Product

18
Q

all of the communication that a marketer may use in the marketplace, advertising, public relations, personal selling and sales promotion

A

Promotion

19
Q

the location where a product can be purchased, distribution channel

A

Place

20
Q

Is a useful model that identifies three key features of e-business that are enabled through technology, as an extension of the traditional 4P’s marketing model

A

Marketspace Model

21
Q

Is the two-way exchange of information and ideas with the customer through an on-line interface, which enhances the richness of customer relationships and gives rise to new paradigms of product design and customer service, such as internet forums

A

Interactivity

22
Q

Components of Inventory

A

-Cycle Inventory
-Safety Inventory
-Seasonal Inventory

23
Q

Average amount of inventory use to satisfied demand between the receipt of supplier shipments

A

Cycle Inventory

24
Q

It helps counter uncertainty

A

Safety Inventory

25
Q

Build up or counter predictable seasonal variability in demand

A

Seasonal Inventory

26
Q

Components of Facilities

A

-Role
-Location
-Capacity

27
Q

Firm decide
Flexibility and dedicate capacity

A

Role

28
Q

Deciding where the facility locate and execute the supply chain

A

Location

29
Q

Companies decide to know the facility to know its function

A

Capacity

30
Q

Components of Sourcing

A

-In house/Outsource
-Supplier Selection
-Procurement
-Pricing & Economies of Scale

31
Q

Most significant outsourcing decision

A

In house/Outsource

32
Q

Obtaining goods with the supply

A

Procurement

33
Q

“Cast all your anxiety to GOD because he cares for you”

A

1 Peter 5:7

34
Q

Is a key business function that is responsible for acquisition of required materials, services, and equipment

A

Purchasing

35
Q
A

SUPPLY CHAIN MANAGEMENT (4 decks)

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